Chemtura (CHMT) : Traders are bullish on Chemtura (CHMT) as it has outperformed the S&P 500 by a wide margin of 8.98% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 16.24%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 16.43% in the last 1 week, and is up 8.39% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 12.28% and the 50-Day Moving Average is 12.02%.The 200 Day SMA reached 20.84%
Chemtura (NYSE:CHMT): After opening at $32.87, the stock dipped to an intraday low of $32.79 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $32.99 and the buying power remained strong till the end. The stock closed at $32.81 for the day, a gain of 0.09% for the day session. The total traded volume was 1,452,976. The stocks close on the previous trading day was $32.81.
Chemtura (CHMT) : The highest short term price target forecast on Chemtura (CHMT) is $34 and the lowest target price is $31. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $32.7 with a standard deviation of $1.2.
Chemtura Corporation (Chemtura) is a global developer, manufacturer and marketer of engineered industrial specialty chemicals. The Companys products are sold to industrial manufacturing customers for use as additives, ingredients or intermediates that add value to their end products. The Company operates in two segments: Industrial Performance Products and Industrial Engineered Products. Its Industrial Performance Products segment is a global manufacturer and marketer of lubricant additive components, synthetic lubricant base-stocks, synthetic finished fluids, calcium sulfonate specialty greases and phosphate and polyester-based fluids, and also engaged in the development and production of hot cast elastomer pre-polymers. Its Industrial Engineered Products segment is a global developer and manufacturer of bromine and bromine-based products and organometallic compounds. Its operations are located in North America, Latin America, Europe and Asia.